White Oak signs CBILS securitization

By Owen Sanderson
10 Sep 2020

Specialist lender White Oak has sponsored the first securitization of Coronavirus Business Interruption Loan Scheme (CBILS) loans, a £150m private transaction with Barclays, enabling it to recycle capital into the final 15 days of the government-backed lending programme.

The firm started out receiving financing for its CBILS lending from its parent, White Oak Global Advisors, as GlobalCapital predicted, but sought to term this out into third party senior funding. It has retained junior exposures itself, despite interest from some third party investors in the ...

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